Calif. Legislators Unveil Homeowner Protection Bills

Law360, New York (February 29, 2012, 7:28 PM ET) -- California lawmakers on Wednesday unveiled a set of proposed state laws they said would protect homeowners from unfair mortgage and foreclosure practices, a month after President Barack Obama proposed a homeowners bill of rights in his annual State of the Union address.

Dubbed the California Homeowner Bill of Rights, the six bills would, among other things, establish basic standards and greater transparency in the mortgage process and protect renters living in foreclosed homes, as well as expand the state's prosecutorial powers over illegal mortgage and foreclosure...
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